People's Bank Declares Quarterly Cash Dividend.MEDFORD, Ore. -- The board of directors of People's Bank Peo´ple's bank 1. A form of coöperative bank, such as those of Germany; - a term loosely used for various forms of coöperative financial institutions. of Commerce (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PBCO) announced that it has declared its fourth quarterly cash dividend - $0.10 per share. The $0.10 dividend will be paid on March 1, 2007 to shareholders of record February 15, 2007. The locally-owned community bank recently reported earnings of $1,213,000 for 2006, including $228,000 in the quarter ended December 31, 2006. People's Bank was organized in 1998 and operates from a main office in Medford and a branch office in Ashland, Oregon Ashland is a city in Jackson County, Oregon, near Interstate 5 and the California border, and located in the south end of the Rogue Valley. It was named after Ashland County, Ohio, point of origin of Abel Helman and other founders, and secondarily for Ashland, Kentucky, where other . After operating for a year in temporary quarters in Ashland, the bank relocated in mid-December to a newly completed permanent office at 1500 Siskiyou Blvd, Ashland, Oregon. At December 31, 2006, the bank reported total assets of $82.9 million, total deposits of $71 million and total shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. of $11.2 million. Shares are traded under the symbol "PBCO". |
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